Gnox (GNOX) Launches Successfully On Binance Smart Chain (BNB) And Outpaces Fantom (FTM) In Opening Gains

Market conditions are choppy. The Fear and Greed Index currently stands at 27 (Fear) compared to 47 (Neutral) last week. Being a successful crypto investor is about going against the market trends and investing when other investors are scared. The adage: ‘‘The time to buy is when there is blood in the streets’’ neatly summarises this ethos. The general sentiment leads most market participants, which is why they fail to outperform the market at large. Successful investors go against the markets.

Teams have been busy building and launching new protocols addressing new market verticals. One such protocol is Gnox (GNOX) which was recently launched, and this passive income protocol found on the Binance Smart Chain has already outpaced Fantom (FTM) in opening gains. Several crypto experts have analysed the mechanics of the protocol and hailed it as one of the best long-term holds within the Binance ecosystem.

Gnox (GNOX)

Gnox makes DeFi (decentralised finance) investment easy. By utilising its treasury, funded via buy and sell taxes, Gnox developers have built a protocol that earns for investors. Every trade of GNOX on the open market contributes toward the fund, which is then deployed in well-established DeFi protocols to generate yield. The interest payment is split amongst investors in the form of stablecoin.

Analysts have consistently pointed out that given only the interest payment is reflected to investors, not the principal sum, Gnox has hard-built a protocol that will pay larger dividends with time. The more trading, the greater the treasury fund, and thus the greater its ability to earn. This mechanic makes Gnox an excellent long-term hold.

Binance Coin (BNB)

BNB is the token that powers the entire Binance Smart Chain ecosystem, the third largest ecosystem within crypto. The Binance ecosystem is one of the most secure blockchains and has incredible performance, opening up DeFi investment to ordinary investors.

BNB is a blue chip crypto, currently trading close to $300 and one that opens up numerous earning possibilities for investors.

Fantom (FTM)

Fantom is an ecosystem favoured by DeFi enthusiasts, and a token that remains critically undervalued. The sheer volume of protocols that call Fantom home is astounding, and big names continue to build on the network even in the prevailing market conditions. One of the most exciting protocols is Tomb Finance, headed by Harry Yeh, founder and manager of Quantum Fintech Group, which has just launched a layer two scaling solution on the network known as Tomb Chain and recently introduced a stablecoin known as L3USD.

Why is such a high net worth individual backing the ecosystem so heavily? Because smart money knows an opportunity when they see one. FTM is an excellent token and given the strength of its ecosystem, a coin that will continue to play a critical role in the realm of DeFi.

Find Out More Here:

Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io

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